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image Interest Rates FCNR(B)/RFC

UNION BANK OF INDIA
REVISION IN RATES OF INTEREST ON
FCNR (B) AND RFC DEPOSITS
FCNR (B) Deposits:
The details of revised rates of interest on FCNR (B) & RFC term deposits in the permitted currencies w.e.f. 01.10.2021 are given below:

PERIOD

USD< 300,000

USD >= 300,000

GBP

EUR

 

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

1 YR<2YRS

0.82

0.84

0.82

0.84

0.66

0.82

0.01

0.01

2YRS<3YRS

0.81

0.90

0.91

1.00

0.90

1.16

0.01

0.01

3YRS<4YRS

1.09

1.23

1.19

1.33

1.00

1.26

0.01

0.01

4YRS<5YRS

1.22

1.41

1.32

1.51

1.06

1.35

0.01

0.07

5YRSONLY

1.32

1.54

1.42

1.64

1.10

1.39

0.01

0.13

FCNR (B) Deposits:
 

PERIOD

JPY

CAD

AUD

 

Existing

Revised

Existing

Revised

Existing

Revised

1 YR<2YRS

0.02

0.05

0.58

0.51

0.16

0.16

2YRS<3YRS

0.09

0.11

0.86

1.02

0.31

0.37

3YRS<4YRS

0.09

0.12

1.08

1.29

0.53

0.63

4YRS<5YRS

0.09

0.13

1.24

1.48

0.69

0.87

5YRSONLY

0.09

0.14

1.39

1.66

0.84

1.05

RFC Deposits::
 

PERIOD

USD < 300000

USD>= 300000

GBP

EUR

JPY

CAD

AUD

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

TERM DEPOSITS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6 MONTHS to <1 YR

0.82

0.84

0.82

0.84

0.66

0.82

0.01

0.01

0.02

0.05

0.58

0.51

0.16

0.16

1 YR to <2 YRS

0.82

0.84

0.82

0.84

0.66

0.82

0.01

0.01

0.02

0.05

0.58

0.51

0.16

0.16

2 YRS to <3 YRS

0.81

0.90

0.91

1.00

0.90

1.16

0.01

0.01

0.09

0.11

0.86

1.02

0.31

0.37

3 YRS

1.09

1.23

1.19

1.33

1.00

1.26

0.01

0.01

0.09

0.12

1.08

1.29

0.53

0.63

Notes:
1. Interest rate for term deposits upto 3yrs are in line with FCNR (B) Term Deposits.
2. Staff RFC interest rates will be paid with addition of 0.25% on above mentioned rates.